Top 5 issues companies have with data
Increasingly, data is becoming part of every business. Whether it is logging in details for a company email newsletter or securing people’s details during an e-commerce transaction, data is something that companies need to be aware of and handle properly. These are the top 5 issues companies have with data.
Security
This is one of the biggest ones. With the recent GDPR rules in place, getting this wrong can result in massive fines. It is also important so that customers and clients are reassured that their data is being properly handled and protected.
There are a few ways that you can do this. Check that data is being properly encrypted and always have backups in place.
Analysis
There is a lot of information out there and it is not always easy to know what lessons you should be learning from the data you receive. Using the right analysis tools will make it easier to break it down.
Why is this important? It can help you make decisions that can streamline your operations, cutting costs and making you more efficient. For example, if you can spot trends that your café is considerably less busy on a Monday, then you could adjust the stock you order and the staff you bring in accordingly.
Change
A massive issue for businesses of all sizes is the rapid change in technology. In some respects this is positive- for example, cloud computing and other services have levelled the playing field for smaller businesses, while smart uses of video and social media do not necessary have to rely on massive budgets.
Conversely, this can also meaning having to adapt to new technology and changing processes. This is why it is important to be aware of new developments and being ready to take advantage of them.
Accessibility
This can be frustrating- sometimes one department may struggle to access information from another department. You may also get people having to input the same information multiple times. Ideally, you want to create an integrated system, so you are not reliant on one team or department.
Growth
This last one may sound strange, as growth should be a good thing for a company. While you want your company to grow, you should do so in a way that doesn’t result in compromising quality. Data management tools can be effective in reducing the risk of this happening when your business grows.
We can help
Handling data is something that needs to be done in the right way, both in terms of protecting your customers but also the reputation of your business. With the right tools to hand, this can be a lot easier.
At Streamsoft, we can give you the means in order to secure data, adapt to changing technology, better analysis, easier accessibility and the ability to maintain growth without sacrificing quality of service. For more information on how our software solutions can help you through this please contact us today and we will be happy to discuss your individual needs in more detail.